Builders Risk: Hidden Exclusions Could Leave You Without Coverage
Beyond just faulty workmanship, some of the standard exclusions on a Builders Risk policy can include:
- Design Issues
- Lack of Proper Planning
- Specs
- Grading
- Materials
- Maintenance and Construction
Even not promptly reporting a loss can result in a claim being denied. Knowing how your policy can work in your favor, and its limitations, is an important part of protecting yourself and your projects. For further details, keep reading here.